A Signal Of Return Of Multifamily Market In The Midwest
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Image Boise, Idaho Being The Hottest Housing Market In The U.S
The housing market in Boise, Idaho, is not only thriving but also exceeding projection. As of the newest updates, the home price is 22% over the national average. The median home price reached $405,000 in March 2021, and Idaho ranks #2 in the U.S. for home-equity gains. Additionally, an average buyer pays over asking price for nine months straight in the Boise Metropolitan Area.
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US Hotel Update
Metropolitan and Suburban Markets. As we all know, the Hotel industry was hit the hardest with the pandemic. The full impact in the hotel industry took hold in April with 70% year-over-year drop in demand before rebounding slighty to close Q2 down by 60%. Supply growth fell to 1.3% from 1.5% in Q1. These numbers are provided by CBRE.
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Property Technology and Its Impacts on the Housing Market
Proptech is on the rise in 2022, claiming importance in the global real estate market. Learn what you need about this trend and how to make the most out of the wildfire of technology.
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